The increase in the percentage of consumer proposal filings shows the increasing popularity of dealing with debt over bankruptcies and other non-legislated options. It also indicates that consumers are seeing the benefits of using a licensed Insolvency Trustee over other service providers.

The proportion of proposals in consumer insolvencies in BC was 55.8 percent during the 12-month period ending October, 2016, up from 49.8 percent during the 12-month period ending October, 2015. Again, it indicates the popularity of consumer proposals as a way for consumers to deal with their debt over bankruptcies and other non-legislated options.

For the 12-month period ending October, 2016, consumer insolvency filings accounted for 97.1 percent of all insolvency filings.